| Title | Sustainable business model for climate finance. Key drivers for the commercial banking sector |
|---|---|
| ID_Doc | 33856 |
| Authors | Grijalvo, M; García-Wang, C |
| Title | Sustainable business model for climate finance. Key drivers for the commercial banking sector |
| Year | 2023 |
| Published | |
| Abstract | The identification of a reference framework-the sustainable business model structure-exposes a new tool for banks to reanalyse their business models and adapt to a climate-resilient economy. The identification was done by a combination of analysis of current literature with regard to common and sustainable business models, which indicated three key levers for commercial banks looking to boost climate: target, sustainable value proposition, and sustainable value creation. Through a case study comparing the application of sustainable business model structure to a selection of five global banks, a collection of best practices was gathered to improve a bank's profitability while reducing its clients and its own contribution to climate change. These banks were chosen through a series of criteria that ensure their eligibility as global commercial banks undergoing a business model transition to adapt to a climate-resilient economy. |
| https://doi.org/10.1016/j.jbusres.2022.113446 |
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